Category: Sales

Beware of False Bottoms in Housing

By John Hines Economist Euphoria can be a dangerous emotion. Economic intricacies are tough enough for even the most practiced of economists to read in real estate markets. But the worst recession since the Great Depression is pointing to a longer downturn yet in housing. A new economy is slowly emerging from the catastrophe of… Continue reading Beware of False Bottoms in Housing

How Contract Abandonment is Helping Restore the Real Estate Market

Leave Morality Out Of It: How Contract Abandonment Is Helping Restore Reality to The Real Estate Market By Jared H. Beck, Esq. Beck & Lee Business Trial Lawyers Miami, Florida “Ditching Condo Deal May Have Been Smart.” That recent headline from the Palm Beach Post announced what many who bought condo units in the preconstruction… Continue reading How Contract Abandonment is Helping Restore the Real Estate Market

Few Short Sale Approvals

James Wexler Short sales, a little understood part of the mortgage lending business, are receiving approvals from mortgage companies in increasingly fewer numbers as banks and mortgage lenders find themselves in growing financial jeopardy. Loan modifications and short sales are at the heart of the nation’s financial crisis since Mortgage Swap Securities traded on Wall… Continue reading Few Short Sale Approvals

Home Prices Drop at Record Rates

Real Estate Market Bottom Drops The deflationary cycle of housing prices is falling at the fastest rate since the Great Depression, according to the Housing Predictor index. Home prices are dropping at record rates, averaging a loss in the last 12 months of 13.2%, which is worse than the 10.5% drop of 1932, the lowest… Continue reading Home Prices Drop at Record Rates

Lending on Steroids Triggers Bigger Bust

By Mike Colpitts Editor As the nation’s real estate crisis worsens beyond what once seemed unimaginable, a new Housing Predictor analysis shows that the crisis will deflate the value of U.S. homes in the majority of the country between 55 and 70% on average from the markets highest peaks. The amount of deflation depends on… Continue reading Lending on Steroids Triggers Bigger Bust

Time to Buy or Rent Housing

By David Wilkening Conventional wisdom has it that rental housing is throwing money away. But is it really in these times? Not necessarily. It depends in part on where you are located, but in many areas of the U.S. rents are being held down by the dramatic overbuilding of homes and condominiums. In hyper overbuilt… Continue reading Time to Buy or Rent Housing

Finding Money in a Short Sale

By Tony Evans If you’re a homeowner and want to save your credit and eliminate foreclosure proceedings, selling your home through a short sale just might be the ticket. So turn on your computer printer because you’ll want to print this column for future reference. See how the BUZZZ is taking care of you! There… Continue reading Finding Money in a Short Sale

Selling Real Estate without Silent Second Mortgages

By Mike Colpitts In these challenging days of selling real estate “silent second” mortgages are making a quiet, some what frightening, most often times illegal comeback. Silent seconds as they are called in real estate parlance are second mortgages, which are not revealed to lenders and can find the user’s behind bars in the local… Continue reading Selling Real Estate without Silent Second Mortgages

Stealing a House in a Short Sale

By Tony Evans Everybody wants to know how to steal a house, and there are plenty of people trying to these days. Say you’ve missed some mortgage payments and think maybe you’ll be able to “catch up” later on, but you can’t. You call your lender explaining your ‘temporary problem,’ but they can’t think of… Continue reading Stealing a House in a Short Sale